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Revolving Door Newsletter: 01.06.09
Conde Struggles; 8020 Media Closes Up ShopJanuary 6, 2009
Welcome to the first Revolving Door Newsletter of 2009. After what was a brutal 2008 in the media world, here's hoping the last year of the Aughts turns out better. How are things looking? Well, the first week hasn't exactly been inspiring. Min published its annual five-year ad-page summary for magazines and found that the industry was down an overall 9.2 percent in 2008 compared to 2007, marking a decrease to levels not seen since 2003. Conde Nast was the hardest-hit media company, posting 40 percent declines on publications such as Wired, Allure, and Vogue. Amid all the year-end doom ...